a Mexican horseman or cowboy, typically one wearing an elaborate outfit, often with silver decorations, of tight trousers, ruffled shirt, short jacket, and sombrero. Origin of charro.
These are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.Richard earns $300,000 in 2011 while Mary earns $100,000.hese are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.
If your employer offers a nonqualified deferred compensation (NQDC) plan, you might want to explore this option. NQDC plans allow executives to defer a much larger portion of their compensation, and to defer taxes on the money until the deferral is paid.That said, NQDC plans arenât for everyone.ake an executive earning $500,000 a year: The $18,000 limit on annual 401(k) contributions represents only 3.6% of his or her annual income. At that rate, the executive could never save enough (pretax) to make up the typical 70%â90% replacement income goal for retirement.